AVIC definition

AVIC. “AVIC Trust” Aviation Industry Corporation of China, Ltd.* (中國航空工業集團有限公司), the controlling shareholder of the Company, holding 56.04% equity interest in the Company directly and indirectly as at the date of this announcement AVIC Trust Co., Ltd* (中航信託股份有限公司), a joint stock limited liability company incorporated in the PRC and a subsidiary of AVIC as at the date of this announcement
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AVIC. Aviation Industry Corporation of China, Ltd.* (中國航空工業集團有限公司), the controlling shareholder of the Company, holding 58.66% equity interest in the Company directly and indirectly as at the date of this announcement “AVIC Finance” AVIC Finance Co., Ltd.* (中航工業集團財務有限責任公司), a limited liability incorporated in the PRC and is a subsidiary of AVIC as at the date of this announcement “AVIC Helicopter” AVIC Helicopter Co., Ltd.* (中航直升機有限責任公司), a limited liability company incorporated in the PRC and is a subsidiary of AVIC as at the date of this announcement “AVIC Huiyang” AVIC Huiyang Aviation Propeller Company Limited* (惠陽航空螺旋槳有限責任公司), a limited liability company incorporated in the PRC and is a subsidiary of the Company as at the date of this announcement
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AVIC. Aviation Industry Corporation of China, Ltd.* (中國航空工業集團有限公司), the controlling shareholder of the Company, holding 56.04% equity interest in the Company directly and indirectly as at the date of this announcement
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Examples of AVIC in a sentence

  • On January 20, 2001, AVIC II and CATIC entered into a contract with PWC to purchase 10 PT6C-67C engines.

  • In a November 9, 2000 email from the PWC GM for Asia Marketing to the PWC Export Manager, bearing the subject “China Helicopter Program,” the PWC GM for Asia Marketing stated: “[The PWC International Marketing VP] and I met with AVIC II.

  • Total revenues for Chinese PT6C-67C sales and service could exceed $500 million USD over this period.” After PWC met with DFAIT and was told that an export permit was required, PWC wrote to AVIC II on September 25, 2000 informing them “that the position of the Canadian government differs from P&WC’s interpretation .

  • The UTC Entities also falsely stated that “[f]rom the inception of the CMH program in 2000, AVIC II and CATIC advised P&WC that the CMH was a common helicopter program from which both civil and military variants would be developed in parallel utilizing a common platform architecture, i.e., main and tail rotors, transmission, drive shafts and engines (the ‘common platform’).” (emphasis added).

  • PWC marketing personnel visiting AVIC II in China inferred from the nature and extent of the resources devoted to the program in China that the CMH was a military-first program.

  • PWC’s Export Manager wrote that AVIC II had provided PWC with the basic elements of a civil helicopter program and that the development programs for the civil and military helicopters were very much in parallel, supporting the company’s previous statement to DFAIT that the Chinese were developing a helicopter platform that could have both civil and military use.

  • For example, a September 6, 2002 PWC document entitled “China Aviation Industry Corporation II (AVIC II)” stated: “Market for CMH is large .

  • AVIC II explained that it had decided to seek a Western supplier to enable the Chinese to move forward with the development program, with the long-term goals of having the WZ-9 power the military version and having the Western engine power the civil version.

  • Please advise.”1 AVIC II stated that it had been developing an indigenous engine, the WZ-9, to serve as the power plant for the CMH, but that the WZ-9 had encountered delays.

  • As at the date of this announcement, AVIC is the controlling shareholder of the Company.


More Definitions of AVIC

AVIC. Aviation Industry Corporation of China, Ltd.* (中國航空工業集團有限公司), the “AVIC Trust” controlling shareholder of the Company, holding 56.35% equity interest in the Company directly and indirectly as at the date of this announcement AVIC Trust Co., Ltd* (中航信託股份有限公 司 ), a joint stock limited liability company incorporated in the PRC and a subsidiary of AVIC as at the date of this announcement “AviChina Hong Kong” AviChina Hong Kong Limited* (中航科工香港有限公司), a limited liability company incorporated in Hong Kong and a wholly- owned subsidiary of the Company as the date of this announcement “AVICT Dragon Holdings” AVICT Dragon Holdings Limited* (航龍控股有限公司), a special purpose vehicle incorporated in the British Virgin Islands which is beneficially controlled by AVIC Trust as at the date of this announcement “AVICT Global” AVICT Global Holdings Limited* (航信環球控股有限公司), a special purpose vehicle incorporated in the British Virgin Islands which is beneficially controlled by AVIC Trust as at the date of this announcement
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